We had mentioned in the previous week’s closing report that Nifty, Sensex may continue to rally. On Monday, the indices opened lower and are undergoing a major correction. On the NSE, there were 624 increases, 1371 decreases and 82 unchanged.
The trends of the main indices during Monday’s trading are given in the table below:
YES Bank loans and advances increased slightly by 0.8% year on year to reach Rs 1,728,850 crore at the end of March 2021. Deposits increased by 54.7% to Rs 1.62 lakh crore at the end of March 2021 against 1.05 Rs. Lakh crore by end of March 2020.
Mahindra & Mahindra might consider applying for a banking license by acquiring a public bank or a private bank, said Anish Shah, Managing Director and CEO of Mahindra & Mahindra (M&M).
Britannia Industries has declared an interim dividend of Rs 62 per share for fiscal year 2020-2021.
SAIL recorded quarterly sales of 4.27 million tonnes (MT) in the March 2021 quarter, up 14% year-on-year.
Adani Enterprises and its wholly owned subsidiary, Gare Palma II Collieries Private Limited, have signed a coal mining agreement with the Maharashtra State Power Generation Company.
Adani Ports has signed an agreement with Vishwa Samudra Holdings, to acquire the remaining 25% of the port of Adani Krishnapatnam, where it currently holds 75% of the capital.
HDFC Bank advances at the end of March 2021 amounted to Rs 11.320 billion, up 13.9% from Rs 9.937 billion year-on-year. Deposits reached 13.350 billion rupees, an increase of about 16.3% from 11.475 billion rupees as of March 31, 2020.
Bank of India will consider the preferential allocation of Rs 3,000 crore shares to the Indian government after obtaining shareholder approval.
Parag Milk Foods plans to increase Rs 316 crore through preferential allocation of shares, FCCB and other instruments. IFC and Sixth Sense Venture Advisors LLP will invest Rs 155 crore and Rs 50 crore respectively. The promoter and family will further invest Rs 111 crore, keeping the promoter’s stake at 46%.
The main winners and losers of the main indices are shown in the table below:
The closing values of the main Asian indices are given in the table below: